Looking At Novo Nordisk's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on Novo Nordisk (NYSE:NVO) as indicated by unusual options activity. The sentiment among big-money traders is split between 36% bullish and 63% bearish. Whales have been targeting a price range from $190.0 to $250.0 for Novo Nordisk over the last 3 months. The current price of NVO is down -1.09% at $187.96.
August 24, 2023 | 2:32 pm
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Unusual options activity indicates a bearish stance on Novo Nordisk. The sentiment among big-money traders is split between 36% bullish and 63% bearish.
The unusual options activity and the bearish sentiment among big-money traders indicate a potential downward movement in the price of Novo Nordisk's stock in the short term. This is further supported by the current price of NVO being down -1.09%.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100